Cost of Living in Montgomery, MN
Housing
The housing market plays a significant role in determining the cost of living in Montgomery, MN.
- Housing Index: Data is updating
- Median Home Price is: $301,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
When considering a move to Montgomery, MN, the current housing index appears to be quite low, suggesting that affordability may be a significant factor. The median home price of 301000 is indicative of a market potentially favorable for buyers, yet there are no available data points for average rent on 2-bedroom apartments or houses at this time. This could mean a limited rental market or a temporary data gap. Make sure to explore the local market trends further, as additional insights on rental properties could dramatically influence your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Montgomery, MN.
- Electricity Price: $16.38 USD (median by state)
- Natural Gas Price: $14.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Montgomery, MN could entail higher utility costs. Electricity costs sit at $16.38, while natural gas is priced at $14.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Montgomery is a financially viable option for your relocation.